Alternative Programs: Adding Value — VA Loan Rates

As I write this newsletter, I looked back to the last newsletter update that I had written, which was July 27th of 2015. The 30 year fixed rate stood at 3.875% whereas today it’s at 4.250%. We’ve crossed into the threshold of the “4s,” so it is important to consider every loan program available to ensure the best rate over the long term. VA Loans provide a low rate haven for refinances, purchases and cash out loans. These loans are available not just for Veterans, by the way. A Veteran’s spouse and/or certain family members of a deceased Veteran are eligible, so contact us today for more information. We have a VA Loan in the pipeline now for $449,000, which in Los Angeles County, is considered within the new conforming loan limit. The rate: 3.990% (APR 4.005%) on a 30 year fixed rate mortgage. Let us help you find great rates that can provide long-term safety while potentially being below the new 4% threshold.